Ma Crossing Bot MT5 tutorial – Buying and selling Methods – 3 December 2022

This product is not only an EA that may open orders when the crossing of two transferring averages happens. Certainly, the primary benefits of this EA are:

-====Normal settings====-

Symbols: symbols for alerts & buying and selling (all or image on the chart)

There are a number of prospects to decide on which symbols needs to be scanned:
  – ‘Solely image on the chart’ : you must use this selection for backtests or if you wish to apply the bot on the chart image ;
  – ‘All main foreign exchange pairs’ : the bot will scan all 28 main foreign exchange pairs (EUR/USD/GBP/CHF/AUD/NZD/JPY) ;
  – ‘Market watch’ : the bot will scan all market watch symbols ;
  – ‘Solely symbols listed under’ : solely symbols listed within the subject under will likely be scanned

Symbols to scan or exclude: write right here symbols to scan (‘Solely symbols listed under’ mode) or to exclude (‘All main foreign exchange pairs’ and ‘Market watch’ mode)

Dealer prefix (if needed): just for brokers who use prefixes. For instance, sort m for mEURUSD

Dealer suffix (if needed): just for brokers who use prefixes. For instance, sort m for EURUSDm

If a number of symbols should be entered on this subject, they should be separated by commas

Use Timer: outline buying and selling days and hours

Orders will solely be opened on buying and selling days. Nonetheless, orders might be closed/modified even exterior of the established time if at the least one of many following parameters is enabled:
  – ‘Max % misplaced/day’ ;
  – ‘Shut earlier than weekend’ ;
  – ‘Shut on reverse crossing’ ;
  – ‘Shut order if worth closes above/under a Ma’ ;
  – ‘Break even’ ;
  – ‘Trailing cease’.

Monday: alerts & buying and selling on Mondays

Tuesday: alerts & buying and selling on Tuesdays

Wednesday: alerts & buying and selling on Wednesdays

Thursday: alerts & buying and selling on Thursdays

Friday: alerts & buying and selling on Fridays

Saturday (crypto): alerts & buying and selling on Saturday (usually for crypto buying and selling)

Sunday (crypto): alerts & buying and selling on Sunday (usually for crypto buying and selling)

Begin time: begin of the session

Finish time: finish of the session

Indicators alerts: terminal and/or smartphone notifs

Buying and selling alerts: terminal and/or smartphone notifs

-====Shifting averages crossing settings====-

Timeframe: all MT5 timeframes

Warning! If you wish to use the timeframe of the chart, use the worth “CURRENT”!

In the event you use one other worth, the present chart timeframe won’t have an effect on the Ma calculation.

Crossing validated at: precise bar or as quickly because the bar is closed

Advisable worth: ‘as quickly because the bar is closed’. An order will likely be opened if a crossover is detected through the present bar and whether it is nonetheless there when the bar is closed.

Min bars after earlier crossing: the crossing is validated if no crossing through the earlier x bars

This setting is there to keep away from market noise and a interval of vary. Which means that if a cross happens, the earlier cross will likely be positioned. The EA will depend the variety of bars between the two crossings (present and former). 2 options:

  – Variety of bars < x: the order just isn’t open;

  – Variety of bars >= x: the order is open.

Reversed logic: purchase and promote logic of the two MA crossing is reversed

     -=Shifting common 1 settings=-

Ma1 interval: interval of the first  MA

Ma1 methodology: SMA / EMA / SMMA / LWMA

Ma1 utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED

     -=Shifting common 2 settings=-

Ma2 interval: interval of the 2nd  MA

Ma2 methodology: SMA / EMA / SMMA / LWMA

Ma2 utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED

Ma2 shift: shift of the 2nd MA

-====Filters settings====-

     -=third Shifting common settings=-

Use a third MA: checks if worth is above (purchase sign) or under (promote sign) this MA

Ma3 timeframe: all MT5 timeframes

Ma3 interval: interval of the third  MA

Ma3 methodology: SMA / EMA / SMMA / LWMA

Ma3 utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED

     -=RSI settings=-

Use RSI: checks RSI worth earlier than opening an order

RSI Timeframe: all MT5 timeframes

RSI interval: interval of the RSI filter

RSI utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED

RSI shift: shift of the RSI filter

Min RSI worth for a purchase order: purchase order is opened if RSI > this worth

     -=Pivot factors settings=-

Each day PP: checks if worth is above (purchase sign) or under (promote sign) day by day PP

Weekly PP: checks if worth is above (purchase sign) or under (promote sign) weekly PP

-====Buying and selling settings====-

     -=Normal settings=-

Enable buying and selling: if false, solely alerts are operational

Magic quantity: should be distinctive if different EA are working

‘Max open orders’ and ‘Max% misplaced / day’ are calculated from the magic quantity. For instance, if in case you have 3 EAs with the identical magic quantity, the full variety of orders opened would be the sum of the orders opened in these 3 EAs.

Max open orders: max variety of orders opened concurrently (if 0, no max)

Max % misplaced/day: if max worth is reached, the EA open orders are closed and no different order is opened till the following day (if 0, no max)

The calculation is predicated on account stability + open orders advantages. So as to velocity up the backtests, the calculation is finished each hour throughout backtests, as an alternative of each minute for an actual buying and selling session.

Max % win/day: if max worth is reached, the EA open orders are closed and no different order is opened till the following day (if 0, no max)

Identical comment than for ‘Max % win/day’.

Shut earlier than weekend: shut all EA orders on Friday

Closing time earlier than weekend: if ‘Shut earlier than weekend’ is ‘true’

Use cash administration: if ‘true’, lot measurement in % stability

Lot measurement in %: % stability per order (if ‘Use cash administration’ is ‘true’)

Mounted heaps measurement: lot measurement per order (if ‘Use cash administration’ is ‘false’)

Max unfold: max allowed unfold to open an order (if 0, no max unfold)

Warning: if the worth of the unfold is just too low, no order will likely be opened! To keep away from any downside, it is suggested to set the worth ‘0’ for the backtests.

Max slippage: max allowed slippage to open an order

Identical comment as ‘Max unfold’.

SL: cease loss in pips

     -=Further closing settings=-

Shut on reverse crossing: shut the order if the two MA cross within the different route (just for ‘previous_bar’ mode)

Open an order on reverse crossing: opens a brand new order if one other order simply closed with the ‘Shut on reverse crossing’ parameter

Shut order if worth closes above/under a Ma: shut order if ask < Ma (purchase order) or if bid > Ma (promote order)

     -=BE/TS/Grid settings=-

Break even: if ‘true’, break even is activated

Break even revenue: triggers the break even from a sure revenue in pips

Trailing cease: if ‘true’, trailing cease is activated

Path revenue: triggers the trailing cease from a sure revenue in pips

Path distance: distance in pips between trailing cease and worth

Path step: step in pips for the trailing cease

Open further orders: an extra order is opened every time the revenue reaches a step

Max further orders (by image) : ‘Open further orders’ should be ‘true’

Lot measurement of further orders: it’s higher to have smaller heaps than for primary orders

Revenue step in pips to open an extra order: every time the revenue reaches this step, a brand new order is opened

SL of further orders: SL in pips of the extra orders

TP of further orders: TP in pips of the extra orders